Hi everyone,
I’m trying to understand whether a CPA is required for audits, especially for businesses that need financial statements reviewed or certified.
No, a CPA isn’t always required for auditing, but only CPAs can perform official audits for regulatory compliance (e.g., SEC filings). Non-CPAs can conduct internal or informal reviews.
While non-CPAs can perform internal audits or assist with audit work, only a licensed CPA (or CPA firm) can issue an opinion on financial statements for external audits, especially for publicly traded companies.
